Capesize bulkers had a rough go of the holiday-shortened past week, while the small and midsize dry bulk vessels sailed full steam ahead on robust demand.
The Baltic Exchange’s Capesize 5TC set of spot-rate averages across five key routes declined 12.1% since 25 August to $8,561 per day on Friday to reach its lowest point in six months.
“The capesize market faced another challenging week,” Clarksons Securities analyst Frode Morkedal wrote in a note on Friday.
